Santander profit beats estimates as bank makes Brazil offer

MADRID – Banco Santander SA, Spain’s biggest bank, reported first-quarter profit that beat estimates on increased U.K. income and announced a 4.7 billion-euro ($6.5 billion) bid to buy out its Brazil unit. Net income rose to 1.3 billion euros ($1.8 billion) from 1.21 billion euros ($1.7 billion) in the same period a year earlier, the…

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